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Arizona Sonoran Copper Releases Final PFS Drilling Results
CASA GRANDE, Ariz. & TORONTO / Jun 14, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emergin
About this update from Arizona Sonoran Copper Co., Inc.
[{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO / Jun 14, 2023 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”), an emerging copper developer and near-term producer, today releases 8 infill holes from the Parks/Salyer Pre-Feasibility Study (“PFS”) level drilling program and assays from the first infill to measured drill hole (ECP-148) for the Feasibility Study (“FS”) (see FIGURES 1-17). The Company has now begun to generate an internal updated mineral resource and block model to support the declaration of first reserves in the pending step-up PFS by Q1 2024. Drilling continues with three rigs at Parks/Salyer, reducing drill spacing further to 125 ft (30 m) drill centres in preparation of the FS expected in the second half of 2024. Drilling Highlights: - Within 2.5 years (beginning Nov 2020), ASCU has drilled out an inferred resource of 2.9 B lbs of copper @ 1.015% TCu*, completed the indicated drilling and has now begun infill drilling to the measured category - In 2023, after six months, the Company has now drilled 100,000 ft at the Cactus and Parks/Salyer deposits - Drilling better defines the east and west margins of the inferred mineral resource area - ECP-148: 1,239 ft (377.6 m) @ 0.82% CuT of continuous mineralization 153.1 ft (46.7 m) @ 2.11% CuT, 2.07% Cu TSol, 0.025% Mo (enriched) Incl 58.2 ft (17.7 m) @ 4.40% CuT, 4.34% Cu TSol, 0.018% Mo 298.3 ft (90.9 m) @ 1.02% CuT, 0.83% Cu TSol, 0.030 (enriched) - ECP-135: 369.9 ft (112.7 m) @ 1.63% CuT, 1.38% Cu TSol, 0.040% Mo (enriched) - ECP-139: 504.4 ft (153.7 m) @ 0.74% CuT, 0.67% Cu TSol, 0.025% Mo (enriched) 613.0 ft (186.8 m) @ 0.27% CuT, 0.007% Mo (primary) - ECP-137: 1,183.8 ft (360.8 m) @ 0.44% CuT of continuous mineralization 539.8 ft (164.5 m) @ 0.58% CuT, 0.48% Cu TSol, 0.022% Mo (enriched) 644.0 ft (196.3 m) @ 0.32% CuT, 0.007% Mo (primary) - ECP-136: 963.7 ft (293.7 m) @ 0.46% CuT of continuous mineralization 289.0 ft (88.1 m) @ 0.92% CuT, 0.87% Cu TSol, 0.007% Mo (enriched) Incl. 130.0 ft (39.6 m) @ 1.81% CuT, 1.72% Cu TSol, 0.011% Mo 674.7 ft (205.6 m) @ 0.26% CuT, 0.004% Mo (primary) NOTE: True widths are not known, see PR dated September 28, 2022 for the P/S mineral resource George Ogilvie, Arizona Sonoran President and CEO commented, “With these drill assays in hand for the PFS-level drilling, we look forward to updat...